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May 13, 2022, 6:40 AM
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| Nivedita Balu / Reuters: |
Elon Musk says his Twitter deal is temporarily on hold “pending details supporting calculation that spam/fake accounts” represent <5% of users; TWTR drops 17%+ — Elon Musk said on Friday his $44-billion deal for Twitter Inc (TWTR.N) was temporarily on hold, citing pending details on spam and fake accounts.
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@elonmusk. More:
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Tweets: @hblodget, @carnage4life, @kantrowitz, @clairecmc, @loganbartlett, @garyblack00, @wongmjane, @markets, @ankaman616, @parmy, @parmy, @parmy, @robtfrank, @arthurschwartz, @matt_levine, @samro, and @tbraithwaite
| @kayvz: |
[Thread] Twitter product chief Kayvon Beykpour says he is leaving at the request of CEO Parag Agrawal, who wants to “take the team in a different direction” — Interrupting my paternity leave to share some final @twitter-related news: I'm leaving the company after over 7 years.
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The Verge, Financial Times, Silicon Republic, TechCrunch, WRAL TechWire, Platformer, MobileSyrup, BGR India, Associated Press, Washington Post, and Protocol
Tweets: @kayvz, @caseynewton, @boo, @mikeisaac, @kayvz, @alex, @rmac18, @reckless, @sal19, @kayvz, @nickstatt, @kurtwagner8, @caseynewton, @samsheffer, @adambain, @carnage4life, @karaswisher, @film_girl, @kantrowitz, @kayvz, @_dml, @chadloder, @kimmasters, @willoremus, @karaswisher, @mikeisaac, @financialtimes, @lindseyboylan, @thauburger, @reckless, @meganmorrone, @willoremus, @katies, @carnage4life, @caseynewton, @jessicalessin, @kvlly, @alexrkonrad, @grahamstarr, @panzer, @film_girl, @martinsfp, @kantrowitz, @willoremus, @caseynewton, @jess, and @willoremus
| Bloomberg: |
In a memo, Twitter CEO Parag Agrawal announces a hiring freeze and other cost-cutting efforts; VP of product Jay Sullivan will take over as head of product — Twitter Inc. Chief Executive Officer Parag Agrawal announced a hiring freeze and other cost-cutting efforts on Thursday …
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New York Times, The Verge, Fox Business, RTÉ, Engadget, PYMNTS.com, Android Headlines, Digital gefesselt, and Gizmodo
Tweets: @boo, @boo, @jordanzakarin, @oneunderscore__, @w7voa, @ericajoy, @kantrowitz, @sarthakgh, @gossithedog, @willoremus, and @alexeheath
| Sunil Jagtiani / Bloomberg: |
Terraform Labs halts Terra block production for the second time in 24 hours “to come up with a plan to reconstitute it”, after UST and LUNA collapsed — The blockchain behind the collapsed TerraUSD stablecoin and the affiliated Luna token stopped processing new transactions for the second time in less than a day.| Financial Times: |
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Wall Street Journal, Reuters, Life in the 21st Century, The Overspill, بهر …, and CNBC
Tweets: @paoloardoino, @tether_to, @adamsamson, @wublockchain, @thestalwart, @ben_mckenzie, @matthewstoller, @whstancil, @jangold_, @carnage4life, @matthewphillips, @jason, @mayazi, @kadhim, @whale_alert, @bongcapital, @silvermanjacob, @fchollet, @jeffseibert, @alexhern, @safetyth1rd, @punk6529, @0xfoobar, @austerity_sucks, @scupytrooples, and @coinmamba
| Shaurya Malwa / CoinDesk: |
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Bloomberg, Terra Research Forum, Tech in Asia, and Financial Times
Tweets: @cobie, @cobie, @_checkmatey_, @profjeffjarviss, @mtsw, @ojuice_eth, @atari_buzzk1ll, @cobie, @iamlluciana, @tether_to, and @kantrowitz
| Joanna Ossinger / Bloomberg: |
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New York Times, CoinDesk, Cointelegraph, Wall Street Journal, Forkast, Bankless, TechCrunch, CNBC, and kyla's Newsletter
Tweets: @stablekwon, @terra_money, @johnbrownlow, @stablekwon, @ariadneconill, @lukeisamazing, @traderkoz, @mskidchaos, @trustlessstate, @molly0xfff, @stablekwon, @jerallaire, @kadhim, @sbf_ftx, @jemgold_, @nkulw, @jqt_galaxe, @zeitgeistfilm, @lawmaster, @lubchansky, @paleofuture, @alexhern, @carnage4life, @parismarx, @thestalwart, @unusual_whales, @barrysilbert, @timccopeland, @rekthq, @lawmaster, @sbf_ftx, @sbf_ftx, @carnage4life, @macnbtc, @lhm1, @lawmaster, @lawmaster, @zhusu, @bramcohen, and @jimcramer
| Yueqi Yang / Bloomberg: |
Coinbase's market cap falls to $12.98B from a $75B+ peak in 2021 as its stock closes at $58.50, far below its first day closing price of $328.28 in April 2021 — Coinbase Global Inc. has declined precipitously this year, largely mimicking the drop in Bitcoin prices and taking its market value …
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CNN, The Tokenist, Decrypt, and Associated Press
Tweets: @brian_armstrong, @sophiamzaller, @malwarejake, @disruptepreneur, and @karacalvert
| Lucas Matney / TechCrunch: |
Ex-Facebook crypto chief David Marcus launches Lightspark, a payments startup building on Bitcoin's Lightning network, backed by a16z, Paradigm, and others — After his departure from Facebook in November, many crypto industry insiders speculated where long-time executive David Marcus would land.
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Andreessen Horowitz, The Block, Silicon Republic, The Economic Times, Matrix Partners Viewpoints, CryptoPotato, Bloomberg, Crypto Briefing, CoinDesk, Finextra, and Bitcoin Magazine
Tweets: @davidmarcus, @davidmarcus, @bullyesq, @mikeisaac, @sriramk, @kantrowitz, @sriramk, @spiritofbitcoin, @mikeisaac, @jack, @davidmarcus, @colum, @smtuffy, @aaronwise5147, @thestalwart, @fehrsam, and @ravmike
| Veronica Irwin / Protocol: |
Masayoshi Son says SoftBank plans to cut its startup investments by 50%-75% through March 2023, after Vision Fund reported a $20B+ loss for its fiscal year — Japanese conglomerate SoftBank is severely cutting its planned startup investments through next March, Chief Executive Masayoshi Son said in a Thursday earnings call.
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MarketWatch, New York Times, Bloomberg, Newcomer, TechCrunch, and Crunchbase News
Tweets: @fgraillot, @financialtimes, @imkialikethecar, @bismahmalik, and @birdyword
| Lora Kolodny / CNBC: |
In an email, Jason Calacanis says he is “collecting interest to invest in Twitter” as part of Elon Musk's buyout; the minimum investment to participate is $250K — - Jason Calacanis, who's known for early bets on companies like Uber and Robinhood, is pulling together funds … | Washington Post: |
Interviews with 17 Hollywood insiders reveal that celebrities view Twitter as a high-risk, low-reward platform, and why Musk's ownership might make it worse — Elon Musk was right that Twitter's most popular accounts have gone quieter over the years. Hollywood insiders explain what happened … | Tanaya Macheel / CNBC: |
SEC filing: FTX CEO Sam Bankman-Fried bought a 7.6% stake, worth $648M, in Robinhood, calling it “an attractive investment”; stock jumps 20%+ after hours — Sam Bankman-Fried, the CEO of crypto exchange FTX, has taken a 7.6% stake in Robinhood, according to a Thursday filing with the Securities and Exchange Commission.
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CoinDesk, Reuters, Insider, Cryptopolitan, Bloomberg, Coinspeaker, Crowdfund Insider, Decrypt, MarketWatch, Fortune, Cointelegraph, Benzinga, Bitcoinist.com, Wall Street Journal, Tech Xplore, Financial Times, and The Block
Tweets: @epro and @madhavchanchani
| Anushree Dave / The Block: |
New York-based Solidus Labs, a crypto risk monitoring startup that also protects from DeFi threats, raises a $45M Series B led by Liberty City Ventures — Quick Take — Solidus Labs has raised $45 million in funding, adding to a previous Series A of $20 million.
More:
Business Wire, Forbes, CTech, and CoinDesk
| Mahira Dayal / The Information: |
PitchBook: 16 new VC funds with 60%+ female decision makers have raised $4.5B from January to April 2022; women-led funds raised $3.7B in 2021 and $1.8B in 2020 — For years, women-led venture capital funds were the true Silicon Valley unicorns, a rarity in a sector where the vast majority of check writers are men.Sponsor Posts
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